FirstEnergy Rides on Growing Regulated Base & Investments

FirstEnergy Corporation’s (FE) initiative to further strengthen transmission and distribution operations should boost its performance. The company’s ongoing investments should increase grid reliability and enable it to serve customers efficiently.However, this Zacks Rank #3 (Hold) company faces risks related to delays in the base rate request approval and seasonal factors.Tailwinds for FirstEnergyThe utility’s efforts to expand its regulated generation mix stabilized its earnings trajectory. In the past few ...